Putting a dollar value on nature will give governments and businesses more reasons to protect it

[...]unlike efforts to fight climate change – which center on clear, measurable goals to reduce greenhouse gas emissions – there is no globally accepted metric for saving biodiversity. Natural capital can be defined as the world’s stocks of natural assets – soil, air, water, grasslands, forests, wet...

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Bibliographic Details
Published in:The Conversation : Environment + Energy 2021-05-11
Main Author: Bilmes, Linda J
Format: Newspaper Article
Language:English
Subjects:
Accounting
Biden, Joseph R Jr
Bilmes, Linda
Biodiversity
Climate change
COVID-19
Economic development
Economic growth
Ecosystems
Emission measurements
Emissions
Emissions control
Environmental economics
Grasslands
Greenhouse gases
Minerals
National parks
Natural resources
Pandemics
Parks & recreation areas
Soil water
Wetlands
Wildlife conservation
Online Access:Request full text
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Summary:[...]unlike efforts to fight climate change – which center on clear, measurable goals to reduce greenhouse gas emissions – there is no globally accepted metric for saving biodiversity. Natural capital can be defined as the world’s stocks of natural assets – soil, air, water, grasslands, forests, wetlands, rocks and minerals – and all of its living things, from mammals and fish to plants and microbes. Multiple scientific studies have shown that achieving this goal would conserve species, store carbon, prevent future pandemics and boost economic growth.